The Enterprise and Economic Development
Glossary
a resource of the .network library |
corporate real estate executive:
... a management-level employee of an enterprise that
is not engaged in buying and selling property as its main line of
business who is primarily responsible for property assests. The concept
of corporate real estate managers as specialists, especially in the
area of maintaining networks of resource and service providers
for site selection apparently emerged with the organization known
as the Industrial Development Research Council (IDRC) in the mic-20th
century. Later the acronym CREAM or initials C.R.E.A.M. were
used to refer to corporate real estate asset
management and, sometimes, commercial real estate assets management.
The defininition for both commercial and industrial asset managers
in this enterprise and economic development glossary offers a search
of the Global Registry of Contacts for resource and service providers.
Among them are area and local development contacts as well as other
location data suppliers of interest to corporate real estate executives
and site selectors.
site
selection as well as development, maintenance, and
disposition of real
property. A manager with such responsibilities is
typically involved in enterprise
development.
Various associations focus on enterprise management as it relates
specifically to real
estate assets, for example, the Industrial
Asset Management Council which states at its website:
(IAMC) ... is the leading association of
industrial asset management and corporate real estate executives,
their suppliers and service providers, and economic developers.
corporate real estate executive
Notice that the definition of real estate asset manager above
shows a quote using the expression, corporate real estate executives. The
predecessor organization to IAMC, the International Development
Research Council (IDRC),
referred to its active members for years as corporate real
estate executives although their titles covered a wider range
of responsibility levels for real
estate assets and, especially, focused on their involvement
in site
location work (Site
Selection Magazine ... official publication of
both IDRC and IAMC).
The reference sets the precedent for defining corporate real
estate executive, a loosely used expression, as anyone having management responsibilities
related to property
assets for an enterprise that
doesn't deal in real
estate transactions as its main line of business. Following
is an example of the use of the term by Corenet
Global:
CoreNet Global's membership base totals 7,000 corporate real
estate executives, service providers and economic developers.
This professional mix reflects the industry's focus on global
alliance partnerships and on integrating the management of corporate
assets, the workplace and infrastructure (source
of quote)
related: xx; xx
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